New Mexico Educational Retirement Board Has $461,000 Stock Holdings in DISH Network Co. (NASDAQ:DISH)


New Mexico Educational Retirement Board lowered its stake in shares of DISH Network Co. (NASDAQ:DISH – Get Rating) by 4.6% in the first quarter, Holdings Channel reports. The institutional investor owned 14,550 shares of the company’s stock after selling 700 shares during the period. New Mexico Educational Retirement Board’s holdings in DISH Network were worth $461,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Dodge & Cox raised its position in shares of DISH Network by 0.8% during the fourth quarter. Dodge & Cox now owns 38,268,088 shares of the company’s stock valued at $1,241,417,000 after buying an additional 286,601 shares during the last quarter. Atreides Management LP grew its stake in DISH Network by 11.3% during the fourth quarter. Atreides Management LP now owns 5,187,126 shares of the company’s stock worth $168,270,000 after buying an additional 527,522 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of DISH Network by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 4,846,691 shares of the company’s stock valued at $156,862,000 after purchasing an additional 68,530 shares during the last quarter. Thrivent Financial for Lutherans grew its stake in shares of DISH Network by 7.2% during the fourth quarter. Thrivent Financial for Lutherans now owns 2,189,361 shares of the company’s stock valued at $71,023,000 after purchasing an additional 147,403 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC grew its stake in shares of DISH Network by 33.6% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 2,086,722 shares of the company’s stock valued at $67,693,000 after purchasing an additional 524,295 shares during the last quarter. 46.90% of the stock is owned by institutional investors and hedge funds.

In other news, Director James Defranco bought 400,000 shares of the stock in a transaction dated Thursday, May 12th. The shares were bought at an average price of $19.27 per share, for a total transaction of $7,708,000.00. Following the completion of the purchase, the director now owns 1,661,428 shares in the company, valued at $32,015,717.56. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 53.30% of the stock is currently owned by company insiders.

Shares of NASDAQ DISH opened at $16.89 on Friday. The firm has a market cap of $8.95 billion, a P/E ratio of 4.84, a price-to-earnings-growth ratio of 1.12 and a beta of 1.94. The company has a current ratio of 0.66, a quick ratio of 0.59 and a debt-to-equity ratio of 1.12. DISH Network Co. has a 1-year low of $16.20 and a 1-year high of $46.31. The business’s 50-day moving average is $23.29 and its 200-day moving average is $28.87.

DISH Network (NASDAQ: DISH – Get Rating) last announced its earnings results on Friday, May 6th. The company reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.01). The firm had revenue of $4.33 billion for the quarter, compared to the consensus estimate of $4.39 billion. DISH Network had a return on equity of 14.56% and a net margin of 12.49%. DISH Network’s revenue for the quarter was down 3.8% on a year-over-year basis. During the same quarter last year, the business posted $0.99 EPS. Analysts forecast that DISH Network Co. will post 2.49 EPS for the current year.

Several analysts have recently commented on the stock. StockNews.com assumed coverage on shares of DISH Network in a research note on Thursday, March 31st. They set a “sell” rating on the stock. Truist Financial raised shares of DISH Network from a “hold” rating to a “buy” rating and raised their price objective for the company from $25.00 to $60.00 in a research note on Tuesday, May 31st. They noted that the move was a valuation call. Citigroup lowered their price objective on shares of DISH Network from $46.00 to $34.00 and set a “buy” rating for the company in a research report on Monday, May 23rd. Raymond James cut their price target on shares of DISH Network from $49.00 to $42.00 in a research note on Monday, May 9th. Finally, Credit Suisse Group raised DISH Network from a “neutral” rating to an “outperform” rating and set a $45.00 price objective for the company in a research report on Monday, May 9th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $41.50.

DISH Network Profile (GetRating)

DISH Network Corporation, together with its subsidiaries, provides pay-TV services in the United States. The company operates in two segments, Pay-TV and Wireless. It offers video services under the DISH TV brand; and programming packages that include programming through national broadcast networks, local broadcast networks, and national and regional cable networks, as well as regional and specialty sports channels, premium movie channels, and Latino and international programming packages.

See Also

Want to see what other hedge funds are holding DISH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DISH Network Co. (NASDAQ: DISH – Get Rating).

Institutional Ownership by Quarter for DISH Network (NASDAQ:DISH)



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